The Federal Reserve revised its monetary policy strategy and adopts “average inflation targeting”. The target inflation rate is still two percent, but the new strategy might lead to somewhat higher inflation:
And here is the event and the video where Jay Powell made the announcement:
https://www.kansascityfed.org/publications/research/escp/symposiums/escp-2020
“Parents’ unemployment can hurt children’s lifelong earnings”. Interesting throughout!
https://www.upjohn.org/research-highlights/parents-unemployment-can-hurt-childens-lifelong-earnings
“Rise of the central bank digital currencies: drivers, approaches and technologies”. A useful overview of the Bank for International Settlements:
https://www.bis.org/publ/work880.htm
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